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updated Tue. March 19, 2019

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Maritime analysts have pointed out that while ship owners will try to pass the additional fuel costs to consumers, but it may not always be possible since freight is a function of demand and supply. Already differences over tariffs between the US and China can reduce the trans-Pacific trade flow and thereby ...
Bureau Veritas has introduced the first phase of My Fuel Consumption, a cloud-based and secure web application for desktop, mobile and tablet that aims to make compliance easy, with a digitized process throughout the various steps of IMO-DCS (declaration of fuel consumption) and EU MRV regulations ...

Norddeutsche Reederei is upgrading communications on its fleet of container ships to improve operational efficiency and crew welfare services. This Hamburg, Germany-headquartered group is installing VSAT and bandwidth management systems on up to 50 ships, to enable the owner to run business ...
Oil companies should be prepared to pay higher rates for renting offshore service vessels, in order to secure the long-term survival of a key part of the industry's supply chain, the Norwegian Shipowners' Association said on Thursday. Energy firms sharply curtailed investments in the wake of the 2014 oil ...
The Federal Transport Authority (FTA) for Land and Maritime has started cracking down on ship owners abandoning and ill-treating seafarers. The authority has banned all ships belonging to a shipping company, which did not protect seafarers' rights, from operating in the UAE waters. The ban on ships ...
Fleet-owners in India have threatened to flag their ships outside the country if cabotage is further eased and a so-called right of first refusal (RoFR) available to them is removed. Forcefully defending its turf in the wake of signals emanating from the governments policy managers in Delhi on potential ...

Members of the Ship Owners and Agents Association of Ghana are calling on the government to come clear on the modalities of the Cargo Fumigation Exercise. This comes after various associations including the Ghana Union of Traders Association (GUTA), and Ghana Institute of Freight Forwarders ...
The owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship's exhaust before letting it out. It isn't an easy call. Retrofitting a vessel with a sulfur-trapping exhaust ...
While the benefits of new technologies are clear, ship-owners will need to assess whether their crews are ready to use the tools available. 31% of those surveyed felt that crew competencies and skill sets were not at all prepared for smart shipping and only 15% felt that crews were prepared. As a result ...
You can look at recent financial and stock market results to compare ship-owners Seaspan Corporation (NYSE: SSW) and Diana Shipping Inc (NYSE: DSX). However, that might not give you the best possible answer for which one is the better investment for your portfolio. Why? Because the two ship ...
The Nigerian Shipowners Association (NISA), importers and clearing agents have urged the Federal Government to work with the five per cent growth forecast by the Nigerian Maritime Administrator and Safety Agency ( NIMASA). According to them, there has been a steady increase in the level of ...
Ship owner GasLog Ltd. announced it has ordered another newbuild liquefied natural gas (LNG) carrier from South Korean shipbuilder Samsung Heavy Industries, with options for additional newbuilds. The 180,000 cubic meter capacity Flex Plus vessel with XDF propulsion is the second LNG carrier ...
It aims to improve transparency in the global ship recycling value chain by facilitating voluntary disclosure of recycling practices and related data by ship owners, and to support use of this information by cargo owners, investors and financial stakeholders to make better decisions. Stephanie Draper, Chief ...
Belgian underwater repair specialist Hydrex says it is carrying out more modifications to a ship's underwater areas and equipment in addition to the company's more common damage rectification work. The increase in this type of work - to propellers, in particular – follows the recent introduction of the ...
Hyundai Heavy Industries (HHI) is to offer ship owners greater insight into ship and engine performance by integrating engine developer Winterthur Gas & Diesel's (WinGD) diagnostics system into its own data analysis platform. In 2017, HHI launched its INTEGRICT-Smart Ship (ISS) solution, which collects ...
Athens - As tanker freight rates are still reeling under the pressure of oversupply of tonnage, more and more tanker owners are entering consolidation mode, in a bid to improve economies of scale and avoid financial problems. In its latest weekly report, shipbroker Gibson said that “just before Christmas last ...
The city of Los Angeles Friday sued the owners and other parties associated with the 577-foot cargo ship Istra Ace, in which faulty piping allegedly caused an oil spill in the Port of Los Angeles in 2016 that covered more than 70 acres and took 23 days to clean up. The Los Angeles Superior Court lawsuit ...

The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets.
Ship owner and broker Charles M Willie and Co has enjoyed its best year in a decade with turnover reaching £26.5m. For the year to 30 November 2017 the Cardiff-headquartered company also increased adjusted earnings (EBITDA) to £2.15m, up from £1.76m the year previously. The business also sold ...
Following some rather active start to the new year, ship owners have started to ease from committing additional funds to newbuilding contracting or second hand acquisitions. In its latest weekly report, shipbroker Allied Shipbroking noted that “it looks as though things may have eased back slightly this past ...
A group of leading ship owners, investors, and NGOs has today officially launched the Ship Recycling Transparency Initiative in a bid to crack down on environmentally irresponsible ship-breaking practices that continue to dog the global shipping industry. Backed by Forum for the Future, the Sustainable ...
Palau International Ship Registry (PISR) the world's fastest growing flag has expanded its technology offering by linking with Pole Star to offer a comprehensive sanctions compliance and risk management service for its fleet vessels. Pole Star's Purple TRAC is a comprehensive ship-centric economic ...
A new company, Corn Rising Shipping Limited, is looking to raise £5 million to purchase a Multi Purpose Vessel ship under the Enterprise Investment Scheme (EIS). The company has been set up by Charles Gamon a successful ship owner and broker. The raise is available exclusively through Wealth Club ...
EDA (E-navigation Data Analysis) of Totem Plus was introduced to the market in mid 2016, with the objective of allowing ship owners to have proper information on how their ships are navigated. Analysis of historical data (as recorded in the ECDIS) on a monthly basis, looking for “near accidents” and ...
Hoppe Singapore is positioned to provide sales and services support to ship design offices, shipyards, ship owners and ship operators. Local presence of qualified and trained Service Engineers coupled with local availability of quality spare parts and tools are key to ensure competency in service delivery ...
The Hamburg-based Schulte Group has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move, the leading family-owned ship owner and manager continues to increase its capabilities and capacity in the growing LNG market.
Ship owners have been advised by the Maritime Safety Authority of Fiji to cease all travels in the Central and Eastern Division with immediate effect. However, Chief Executive, John Tunidau, says this notice does not apply to emergency evacuation runs. Tunidau says the notice by the Authority will remain ...
This was confirmed by the President of Nigeria Ship Owners Association, SOAN, Engr. Greg Ogbeifun, who recently attested to the willingness of the company to fly the nation's flag on its vessels. He noted that the NLNG had engaged a consultant on ways of improving the nation's registry but expressed ...
All Ship Masters, Ship Owners & Ship Agents for foreign & local ships, Pilots, Port Management Companies/Operators, Marinas and Yacht Clubs are ... Ship owners of larger ships must provide all necessary support to masters of their ships and exercise good judgement to ensure the vessels are kept safe ...
Athens - As tanker freight rates are still reeling under the pressure of oversupply of tonnage, more and more tanker owners are entering consolidation mode, in a bid to improve economies of scale and avoid financial problems. In its latest weekly report, shipbroker Gibson said that “just before Christmas last ...
What was the impetus to launch VV Superyachts now? VV works closely with ship owners, many of whom also own private yachts. Their familiarity with VV data led them to ask for the same high quality assessment of value to be applied to Superyachts that is currently being used for their commercial ships.
As tanker freight rates are still reeling under the pressure of oversupply of tonnage, more and more tanker owners are entering consolidation mode, in a bid to improve economies of scale and avoid financial problems. In its latest weekly report, shipbroker Gibson said that “just before Christmas last year, the ...
Whilst this prohibition will provide significant health benefits for the population and the environment, it has also given rise to a number of concerns of ship owners: Increased ship owners' costs in complying with the prohibition, and the fear that an inability of Governments to enforce the prohibition ...
Shipowner.io (https://shipowner.io) is the world's first distributed ledger platform for participation in capital financing of assets and services in the maritime industry. It is the first of its kind where the focus is strictly on the $1.5 trillion marine assets industry and its associated $1 trillion a year services industry.
Nigerian shipowners have appealed to the Bank of Industry (BoI) to expand its intervention to them and save their businesses from total collapse. The indigenous shipowners have been suffering financial crisis for some time which has led to most of them closing shops. The shipowners under the auspices ...
DNV GL warns ship owners to prepare for Arctic cold conditions DNV GL has issued a warning to ship owners calling at ports in Canada and other areas near the Arctic to prepare for cold conditions. The international accredited registrar and classification society called for owners to prepare their ships, ...
... as well as the following campaign partners: the Maritime Association of Ship Owners & Ship Managers (MASSA), the Foreign Ship-owners Representatives and Ship Managers Association (FOSMA), the Indian National Shipowners' Association (INSA), the Indian Coastal Conference Shipping Association ...
Despite scepticism on the terms of the tender, ship owners such as Shipping Corporation of India Ltd, Great Eastern Shipping Co Ltd and Essar ... are not the lowest bidders to haul the cargo, they are offered an opportunity to match the lowest rate quoted by a foreign ship-owner and take the contract.
A major development capable of increasing the capacity of indigenous ship owners and other stakeholders in the maritime sector took root some days back at the NNPC Towers in Abuja. On Tuesday, stakeholders gathered to examine the Free On Board (FOB) trade term, which favours foreign ship owners ...
Isichei Osamgbi, Deputy Director of NIMASA in a statement said that the Ship owners and other stakeholders in the maritime sector are on the verge of getting the desired ... Temisan Omatseye a former DG of NIMASA who is also a Ship owner pointed out that there is a lot of benefit in the CIF trade term.
Frontline known as one of the world's largest owners of crude oil tankers, are an active user of Seagull Maritime's onboard training system. Frontline oversee Ship Management of almost 180 vessels within most vessel types and have used Seagull as their preferred supplier for training management ...
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies' poor management of their end-of-life ...
A former DG of NIMASA, Temisan Omatseye, who is also a ship owner, said the CIF trade term would eliminate crude theft, create employment and compliment the diversification drive of the Federal Government. The President of the Ship Owners Association of Nigeria (SOAN) and Managing Director of ...
When he could not find a port where they could unload the cargo, the Greek ship owner wanted to evaluate a proposal from Libya's city of Misrata. But the property owner refused the company's recommendation. During the dispute between the ship owner and the property owner, the ship was intercepted by ...
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of The West of England Ship Owners Mutual Insurance Association (WoE or the Club) (Luxembourg). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect WoE's balance ...
TAIPEI (Taiwan News) – A man from Kaohsiung was freed on bail of NT$1.5 million (US$50,600) Wednesday for having circumvented international sanctions and smuggled oil to North Korea on the tanker Lighthouse Winmore, which was seized by South Korea last November. Oil trader Chen Shih-hsien ...
Ijaw youths yesterday defended the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, describing the recent call for his sacking by the Ship Owners Association of Nigeria (SOAN) as “needless distraction”. The Ship owners had recently demanded ...
In time charter contracts such as those of IOCL and BPCL, the charterer has to pay/reimburse voyage-related costs such as bunker and port charges to the ship owner. The tender stipulates that IOCL and BPCL will only reimburse the cost of intermediate fuel oil (IFO) 380 centistokes (CST) having a sulphur ...
The Nigerian Maritime Administration and Safety Agency, NIMASA and ship-owners have disagreed over the reasons for failure of the nation to be elected into the category C of the International Maritime Organisation, IMO's Council. While the Director General of NIMASA, Dakuku Peterside attributed the ...
Lomaiviti Princess I also had a large number of passengers travelling to Vunisea and it is believed this forced the ship owner to postpone the journey to Kavala by one day. Another passenger, who also asked to be kept anonymous, said his first time travelling on the new Lomaiviti Princess V would most ...


 

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